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Yet another transfer of wealth to the medical industrial complex! Once you're no longer contributing to the economy, being healthy doesn't enrich the medical-industrial complex, so better to keep people alive, but unhealthy enough to drain their savings.
Passing on your inheritance just means giving $ to people who didn't earn it or deserve it! Better to drain away every last drop to the hard-working insurance executives!
LB: Long thread, but a lot of good insights about the dysfunctional* state of business & investment today.
(* Dysfunctional from the perspective of everyone other than the investors themselves.)
I once worked at a company that sold industry-specific core-business software to deep-pocketed corps who couldn’t / wouldn’t / shouldn’t roll their own. I got into a discuss with my manager about whether our products were essentially — my words — a hoax. Me: “Look, our products are riddled with bugs and holes. They’re nearly impossible to deploy, manage, and maintain. They frequently don’t even work •at all• on the putative release date, and we sell the mop-up as expensive ‘consulting.’” 1/
I once worked at a company that sold industry-specific core-business software to deep-pocketed corps who couldn’t / wouldn’t / shouldn’t roll their own. I got into a discuss with my manager about whether our products were essentially — my words — a hoax.
Me: “Look, our products are riddled with bugs and holes. They’re nearly impossible to deploy, manage, and maintain. They frequently don’t even work •at all• on the putative release date, and we sell the mop-up as expensive ‘consulting.’”
1/
instead of “VC Funding” we should call it “Faustian Bargaining”
ie. “Another company is proud to report they took $61 million in faustian series A bargaining. They assure us that they will be the first company to somehow avoid calamity from this cursed arrangement. We are told they plan to enjoy the riches in the short term and then pass the fated collapse along to someone else down the line”
There are currently two timelines:
1. Bluesky's progress towards enshittification once its investors start demanding compensation.
2. The Fediverse's progress to overcome its rough edges and pain points.
At the moment, I don't see Bsky's sudden popularity as a risk for Fediverse projects. They have time to catch up.
Ars Technica
K. Reid Wightman 
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Paul Cantrell
nina splendorr 🌻🏳️⚧️
Mr Takes 🧄
Official Kakistocracy Jester 🪓